Thornburg California Limited Term Municipal Fund Class A: (MF: LTCAX)
(NASDAQ Mutual Funds) As of Aug 21, 2024 08:00 PM ET
$12.97 USD
+0.01 (0.08%)
Fund Description
The fund was incepted in February 1987 and is managed by Thornburg Investment Management. The fund's primary goal is to obtain as high a level of current income exempt from federal and California state individual income taxes as is consistent with the preservation of capital. The secondary goal of the fund is to reduce expected changes in its share price compared to longer intermediate and long-term bond portfolios. The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by the State of California and its agencies, and by California local governments and their agencies. The fund invests at least 80% of its assets in municipal obligations originating in California, which are exempt from California and regular federal income taxes. The fund may invest up to 20% of its assets in taxable securities, which would produce income not exempt from federal or California income tax. The fund declares dividends daily and pays it monthly. Capital gains are distributed annually.
Load Information
Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
---|---|---|---|---|---|---|---|
Thornburg Ltd Term Muni-CA A | LTCAX | 2.25 | NA | 0.00 | 0.25 | 0.50 | 0.74 |
Return Data
Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
---|---|---|---|---|---|---|---|
Thornburg Ltd Term Muni-CA A | LTCAX | 12.97 | 2/19/1987 | 2.75 | 3.28 | -0.10 | 0.40 |
Thornburg Ltd Term Muni-CA C | LTCCX | 12.98 | 9/1/1994 | 2.47 | 2.99 | -0.38 | 0.10 |
Thornburg Ltd Term Muni-CA I | LTCIX | 12.96 | 2/20/1987 | 3.00 | 3.62 | 0.16 | 0.66 |
Investment Information
Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
---|---|---|---|---|---|
Thornburg Ltd Term Muni-CA A | LTCAX | 5000 | 100 | 2000 | M |
Contact Information
Family | Thornburg |
Address | 2300 North Ridgetop Road Santa Fe, NM 87506 |
Phone | 800 847-0200 |